The Hawthorn Group, Inc. 401(k) Review & Grade
Melton Truck Lines, Inc. 401(k) Profit Sharing Plan
Tulsa, OKTransportation & Warehousing1,598 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$862Employer $ per active participant
$3,111Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$63.6MNet plan assets, end of year
$47,369Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 34th |
| Employee saving | 52th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hawthorn Group put in about $862 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,378,631 |
| Participant (employee) contributions | $4,972,317 |
| Other contributions (incl. rollovers in) | $974,270 |
| Administrative expenses paid from the plan | $219,628 |
| Contract administrator fees | $41,046 |
| Investment advisory & management fees | $62,201 |
| Benefits paid out | $7,763,491 |
| Net assets, start / end of year | $56.7M / $63.6M |
| Active participants, start / end of year | 1,638 / 1,559 |
| Participants with account balances | 1,343 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hogantaylor LLP |
Largest service providers (Schedule C)
| Intrust Bank, N.A. | $202,428 reported compensation |
| Hogantaylor LLP | $17,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909155924NAL0020416161001, received 2025-09-09, EIN 74-3073830, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.